In a major breakthrough towards the implementation of the Kiru Hydroelectric Project, the Central Electricity Authority (CEA) has accorded techno economic appraisal (TEA) to the 624-MW power project undertaken by CVPP.
The project has also obtained forest clearance recently, a statement issued today by Chenab Valley Power Projects [P] Limited (CVPP) here said.
The project as already got other required statutory clearances viz; Environment, CCEA, Wildlife, etc, the statement said.
Kiru Project, on river Chenab in Kishtwar, is being implemented by CVPP Ltd, a joint venture company of NHPC Ltd, JKSPDC and PTC (I) Ltd, with a shareholding of 49 percent, 49 percent and 2 percent respectively. The project will be executed by constructing a 123 meter high concrete gravity dam, a short water conductor system of about 320 m length and an underground power station of 624 MW. The project will generate about 2363 million units (MU) of energy annually.
The estimated cost of this project is Rs 4640.88 crore and is scheduled to be completed within 54 months from the date of start of major works, the statement said. After commissioning of the project, J&K will receive 12 percent free power along with contribution of additional 1 percent free power towards Local Area Development Fund (LADF) having combined value of Rs 130 Crs (per annum) approximately.
"In order to protect the rights of the Project Affected Families, a comprehensive Rehabilitation and Resettlement (R&R) Plan shall be implemented so that the needs and aspirations of the people of the area are honored as the company believes in a holistic effort aimed at improving the all round living standards of the affected population by adhering to and complying with the prevailing guidelines and policies laid down by the government," reads the statement.
Taking a step ahead, CVPPL has already initiated tendering activity for the major civil works of the project.
In addition to the Kiru Hydroelectric Project, CVPP Ltd. also envisages the implementation of Pakal Dul Project (1000 MW), Kwar Project (540 MW) and Dulhasti (Stage-II) Project (550 MW) in Chenab River Basin, the CVPP statement said.